Mayor Byeon Gwang-yong "Leap to an International Tourist City" ... Attracting Investment from Large Corporations

Geoje City, Gyeongnam Province, held an investment attraction briefing session for branch managers of major construction companies in the Yeongnam region.
[Image source=Geoje City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Geoje City in Gyeongnam announced on the 1st that it held an investment attraction briefing session targeting 12 heads of major construction companies' Yeongnam branches, including the head of GS Construction's Yeongnam branch, to explore ways to attract investment for the stagnant tourism industry and new growth strategic projects.

At the briefing, the city explained that the investment conditions in Geoje are showing a green light due to the early commencement of the Southern Inland Railway construction between Gimcheon and Geoje, a long-awaited project for residents of western Gyeongnam, and the passage of the Gadeok New Airport Special Act in the National Assembly plenary session.

It then introduced projects being promoted to attract 10 million tourists, such as the Geoje Cable Car project scheduled for completion in December, the Haegumgang leisure facility construction project scheduled to start in December, and the Sodong Marine Condo Minium project, for which an investment agreement worth 342 billion won was signed with Arepose Geoje Co., Ltd. in June.

Finally, the city emphasized active administrative support for the successful promotion of ongoing private investment projects and requested active investment consideration to establish experiential tourism infrastructure, which is lacking in Geoje.

Mayor Byeon Gwang-yong said, "The establishment of a wide-area transportation network such as the Southern Inland Railway and Gadeok New Airport is becoming a turning point for Geoje's future vision and investment environment," adding, "We ask for your great interest in Geoje, which has excellent investment conditions to leap forward as a southern coast investment hub city, a future hub city of Northeast Asia, and an international tourist city."

This content was produced with the assistance of AI translation services.